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Genesco Fiscal Q2 Adjusted Loss Narrows, Net Sales Increase
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Genesco Fiscal Q2 Adjusted Loss Narrows, Net Sales Increase
Sep 6, 2024 8:15 AM

07:16 AM EDT, 09/06/2024 (MT Newswires) -- Genesco ( GCO ) reported fiscal Q2 adjusted loss Friday of $0.83 per share, narrower than the loss of $0.85 a year earlier.

Two analysts polled by Capital IQ expected a loss of $1.12.

Net sales for the quarter ended Aug. 3 were $525.2 million, up from $523 million a year earlier.

Two analysts surveyed by Capital IQ expected $512.2 million.

The company said it continues to expect fiscal 2025 adjusted EPS in the range of $0.60 to $1.00. Two analysts surveyed by Capital IQ are looking for $0.81. Sales are now expected to decrease 1% to 2% compared with a decline of 2% to 3% previously. Two analysts expect $2.27 billion.

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